Macro 1

17 Questions  I  By Roryn1

  
Changes are done, please start the quiz.


Question Excerpt

Removing question excerpt is a premium feature

Upgrade and get a lot more done!
1.  Economic growth is best defined as an increase in:
A.
B.
C.
D.
2.  Real GDP per capita:
A.
B.
C.
D.
3.  Real GDP per capita is found by:
A.
B.
C.
D.
4.  Which of the following best measures improvements in the standard of living of a nation?
A.
B.
C.
D.
5.  If a nation's real GDP increases from 100 billion to 106 billion and its population jumps from 200 million to 212 million, it's real GDP per capita will:
A.
B.
C.
D.
6.  For a nation's real GDP per capita to rise during a year:
A.
B.
C.
D.
7.  Growth is advantageous to a nation because it:
A.
B.
C.
D.
8.  For comparing changes in potential military strength and political preeminence, the most meaningful measure of economic growth would be:
A.
B.
C.
D.
9.  Given the annual rate of economic growth, the "rule of 70" allows one to:
A.
B.
C.
D.
10.  The number of years required for real GDP to double can be found by:
A.
B.
C.
D.
11.  At an annual growth rate of 4 percent, real GDP will double in about:
A.
B.
C.
D.
12.  At an annual growth rate of 7 percent, real GDP will double in about:
A.
B.
C.
D.
13.  If a nation's real GDP is growing by 5 percent per year, its real GDP will double in approximately:
A.
B.
C.
D.
14.  If the economy's real GDP doubles in 18 years, we can:
A.
B.
C.
D.
15.  About _____ of US economic growth comes from improved productivity (as opposed to added inputs.)
A.
B.
C.
D.
16.  Between 1950 and 2002, US real GDP grew at an average annual rate of about:
A.
B.
C.
D.
17.  Recurring upswings and downswings in an economy's real GDP over time are called:
A.
B.
C.
D.
Back to top


to post comments.

Removing ad is a premium feature

Upgrade and get a lot more done!
Take Another Quiz